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Started By
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How much money is enough to quit your job?
Posted on 10/24/18 at 7:35 am
Posted on 10/24/18 at 7:35 am
The 1.5 billion jackpot is just insane but how much money would it take for you to quit work?
Not necessarily live a life of luxury but just not have to work the rest of your life.
Not necessarily live a life of luxury but just not have to work the rest of your life.
43
Posted on 10/24/18 at 7:35 am to Hat Tricks
350
Posted on 10/24/18 at 7:37 am to Hat Tricks
Give me $20 and I'll walk right now.
Posted on 10/24/18 at 7:37 am to Hat Tricks
Wouldn't take a lot, actually. No mortgage, and my kids get dependent. I could live off 40ish K a year.
Posted on 10/24/18 at 7:37 am to Hat Tricks
$8.75M would do it. That’s assuming a modest 3% on investment income.
Posted on 10/24/18 at 7:38 am to Hat Tricks
10 mill probably
With conservative investing that can still translate to about 500k a year in living money
With conservative investing that can still translate to about 500k a year in living money
Posted on 10/24/18 at 7:41 am to Hat Tricks
No amount.
Love my job. Won’t ever retire. Just work less hours as my health erodes.
Love my job. Won’t ever retire. Just work less hours as my health erodes.
Posted on 10/24/18 at 7:42 am to Hat Tricks
$3 million
Posted on 10/24/18 at 7:43 am to Hat Tricks
10 million
Posted on 10/24/18 at 7:43 am to Cosmo
Agreed
Posted on 10/24/18 at 7:43 am to Hat Tricks
25 times your annual expenses and you are good.
Posted on 10/24/18 at 7:44 am to Hat Tricks
10mil and my wife and I could live to 110 with no problems
Posted on 10/24/18 at 7:44 am to Hat Tricks
I like what I do for a living so even if I won the lottery I'd probably just keep doing it but with more flexible hours.
Posted on 10/24/18 at 7:46 am to Hat Tricks
I could probably get by on 5-10 millon and continue to live like I do.
Posted on 10/24/18 at 7:47 am to Hat Tricks
12.5 million
Posted on 10/24/18 at 8:14 am to Hat Tricks
$5M for me would be plenty
Posted on 10/24/18 at 8:25 am to Hat Tricks
I don't really have a big expense.
800k in portfolio means 4% safe annual withdrawal = 32k a year. With a paid off mortgage, I could live like a king.
800k in portfolio means 4% safe annual withdrawal = 32k a year. With a paid off mortgage, I could live like a king.
Posted on 10/24/18 at 8:26 am to Hat Tricks
My lifestyle isn’t very expensive, and I like it so winning millions of dollars wouldn’t change much for me outside of quitting my corporate, boing job.
Considering what I have already saved and my 401k, If I stumbled upon $500k after taxes, I’d quit my job. I don’t have kids so no need to leave anything behind.
Considering what I have already saved and my 401k, If I stumbled upon $500k after taxes, I’d quit my job. I don’t have kids so no need to leave anything behind.
This post was edited on 10/24/18 at 8:28 am
Posted on 10/24/18 at 8:27 am to Hat Tricks
like "quit" so i can be very leisurely with when/how i choose to work?
a $1.5M investment will produce 5% returns of $75k/year. that would do it, i reckon
a $1.5M investment will produce 5% returns of $75k/year. that would do it, i reckon
Posted on 10/24/18 at 8:28 am to Hat Tricks
$20M
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